Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Economic Costs of European Weather Events in June Top $2B: Aon Report
Jul 11 2019 // Severe European storms during June had an economic price tag of US$2 billion, while insurers anticipated claims topping $1.5 billion, according to the latest edition of Aon’s monthly Global Catastrophe Recap...
UK Navy Stops Iran from Blocking BP Oil Tanker Leaving Persian Gulf
Jul 11 2019 // The British navy intervened to stop Iran from blocking a commercial oil tanker leaving the Persian Gulf, heightening friction just as European nations scramble to salvage a landmark nuclear accord with the Islamic...
It No Longer Takes a Big Storm to Produce High Tide Flooding in Coastal Communities
Jul 11 2019 // Coastal communities across the U.S. again experienced increased high tide flooding last year, forcing their residents to deal with flooded shorelines, streets and basements. The elevated water levels affected coastal...
Judge Wants PG&E to Respond to Report It Knew Faulty Lines Could Cause Wildfires
Jul 10 2019 // PG&E Corp. was ordered by a federal judge overseeing its probation to respond to a Wall Street Journal story claiming the utility knew its power lines could cause wildfires and failed to perform upgrades. PG&E...
As Storm Forms in Gulf of Mexico, U.S. Oil Producers Shut Offshore Output
Jul 10 2019 // U.S. oil prices have climbed 3% as more major oil producers shut production and withdrew staff from offshore platforms in the U.S. Gulf of Mexico, as a storm threatened oil-producing areas. Anadarko Petroleum Corp., the...
Volvo’s Autonomous Trucking Offer Bundles Pilots, Insurance, Services
Jul 10 2019 // Swedish truckmaker AB Volvo’s first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment. Driverless transportation has been...
3 Problems with the Coverage Territory
Jul 10 2019 // When a customer buys an insurance policy, one of the often unanswered (and unasked) questions is “where does this policy apply?” You may not think it’s a big deal. But what if you just wrote a CGL policy...
Judges Frustrated with Failure of Congress to Settle Obamacare Issues
Jul 10 2019 // The U.S. appeals court judges tasked with deciding the fate of the hot potato known as Obamacare had some choice words Tuesday for Congress and the Trump administration. “Why does Congress want the judiciary to be a...
Judge Likely to Reduce $80 Million Bayer Roundup Verdict
Jul 10 2019 // A federal judge said he’ll probably reduce — but not throw out entirely — an $80 million jury verdict against Bayer AG in the second case to go to trial over claims the company’s Roundup herbicide...
Ridehailing Blamed for Rise in Traffic Congestion, Deaths
Jul 9 2019 // Blame Uber. While the era of app-based ridehailing services, such as Uber and Lyft, has been credited with everything from keeping impaired drivers off the road to increasing job opportunities to adding new levels of...
EU Judges Face Another Major Facebook Privacy Case from Activist Schrems
Jul 9 2019 // Five years ago, when activist Max Schrems took Facebook Inc. to the European Union’s top court no one knew what to call the case. The controversy, which led to judges scrapping a key trans-Atlantic data-transfer...
Research Shows Suburban Population Near Natural Gas Storage in 6 States
Jul 9 2019 // About 65% of active natural gas storage (UGS) wells in the United States are located in suburban residential areas and not in more sparsely populated commercial, industrial, or even rural areas like many new unconventional...
Court Halts Trump Plan to Require Drug Prices in TV Ads
Jul 9 2019 // A federal judge on Monday dealt a blow to the Trump administration by striking down a new rule that would have forced pharmaceutical companies to include the wholesale prices of their drugs in television advertising. U.S....
Brit Global Adds AIG, NAS Cyber Specialists to U.S. Cyber & Technology Practice
Jul 8 2019 // James Patterson and Ryan Mimmo have been appointed vice presidents of Cyber & Technology for Brit Global Specialty USA. They are based in San Francisco and New York, respectively, and are responsible for underwriting...
Affordable Care Act’s Fate Could Rest with Appellate Court’s View on Technical Matters
Jul 8 2019 // The fate of Obamacare, the law that President Donald Trump campaigned on repealing and replacing, could hinge on several technical points of law as a federal appeals court prepares to decide whether it’s...
The Mounting Cost of Piracy off Coast of West Africa: Opinion
Jul 3 2019 // Remember those Somali pirates? Earlier this decade, they brazenly hijacked giant oil tankers, demanded ransoms in the millions of dollars, and gave Tom Hanks yet another chance to play the everyman overcoming a...
USI Insurance Services Acquisition of U.S. Risk Finalized
Jul 3 2019 // The acquisition of Dallas-based property/casualty program and specialty brokerage, U.S. Risk Insurance Group (U.S. Risk), by USI Insurance Services (USI), has been finalized. Terms of the previously announced transaction...
Reinsurers Offering Better Prices, Capacity for Preferred Trading Partners: Willis Re
Jul 2 2019 // Strengthening primary insurance market conditions underpinned improvements to reinsurance prices, terms and conditions at the June 1 and July 1, 2019 renewals, according to the latest 1st View renewals report from Willis...
Liberty Mutual Completes $240 Million Limestone Re Transaction
Jul 2 2019 // For the fourth time, Liberty Mutual has utilized capital markets’ reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd. The Boston-based insurer said it has completed a new...
New Jersey Framing Contractor Cited for Exposing Employees to Fall Hazards
Jul 2 2019 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Navy Contractors Inc. for exposing employees to fall hazards at a work site in Lakewood, N.J. The company faces $84,183 in...
